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AudioGames.net Forum → Off-topic room → NFT Regulation
As reported by [gamedeveloper]:
Word on the grape vine is that there are rumblings of the White House is going to be directing federal agencies to regulate cryptocurrencies and digital assets. This may include collaborating with other countries, and may unite the State Department, Treasury Department, National Economic Council, and Council of Economic advisors.
their is no way that they could do that as it was designed to not allow for that to happen
+1
Yes they can. "Cryptocurrency is anonymous" is one of those things that's technically true, but actually really not true in practice. You'll have weird mysterious bank transactions with no explanation when you try to go to fiat currency, internet traffic that's all "look, bitcoin" (and yes we can detect that even behind SSL), customer records whenever you spend it, and belongings which are appearing in your life with no explanation. The IRS in general doesn't catch lies on taxes, but if they ever have a reason to audit you then "I cant' explain how I got x" gets you in a lot of trouble.
The only way to avoid crypto regulation is to get to a point where more people use it than dollars and also businesses don't ever collect your name or address or anything. Which ignoring the fact that there's laws, they need that info to ship you things, so hope you never buy physical goods again.
@3 oh I see how that can be now that you have explained to me in that way.
To be honest, I'm very glad that this is happening. NFTs neeed to be criminalized, as they're another form of a pyramid scheme no matter how you put it, and though I like the idea of cryptocurrencies, I'm not stupid enough to think that the government can't trace me if I use them. And they need to be taxed, simple as that.
Speaking of NFT's, apparently Google is including NFT's in a future YouTube update.
YouTube NFTs may be in the works. In a letter published today, YouTube CEO Susan Wojcicki suggested the company is looking to branch into NFTs in the future as another source of revenue for creators.
“We’re always focused on expanding the YouTube ecosystem to help creators capitalize on emerging technologies, including things like NFTs, while continuing to strengthen and enhance the experiences creators and fans have on YouTube,” the letter reads.
The detail was part of Wojcicki’s latest letter to the YouTube community, which outlines areas the company plans to invest in, like gaming and shopping, and how it plans to support creators. Wojcicki said YouTube is looking to Web3 “as a source of inspiration,” specifically noting the opportunities with crypto, decentralized autonomous organizations (DAOs), and NFTs.
YouTube’s hints at possible NFTs are in line with other platforms that have recently rolled out their own versions or are rumored to be considering an NFT feature. Twitter now offers a way for users who own a special JPEG to “show off your prized possessions” via a hexagonal profile picture. Meta, which owns Facebook and Instagram, is said to be preparing something similar where users can display the tokens they own. A marketplace for NFTs is also reportedly in the works.
YouTube did not provide additional details on what NFT features could look like at the company.
Creators of a few viral YouTube videos have already made them into NFTs and sold them on their own. The Charlie Bit Me NFT, depicting a baby biting his brother’s finger, was auctioned off last year, selling for $761,000. David After Dentist, a video of a disoriented child post-anesthesia, was sold as an NFT for over $11,000.
@6, oh, god, here we go with people just including NFTs in everything and not seeing how completely and utterly retarded the technology is.
+1
@5
You don't know how how not to be involved so, You want Your nanny state to regulate things? i m not surprised though. there are many people like that.
I'm all for some regulation. Noot insane amounts, but enough so people can keep an eye on where the crypto is going, and what they are being used for, also.
Ditto for NFT. I mean, NFT Bay was/is still a thing, and NFT are honestly baffling to me. UBisoft's attempt crashed and burned majorly, after all...
All the nft and crypto is their to create currencies other than the state's ones. if You don't know the philosophy behind and it's pourpice of creation just stay away. You guys don't have the confidents for Yourself but, full of trust on other people that runs Your government. i wish all people with libertarian mind installed their own stateless state then we wouldn't be listening all the pro regulation bs around.
Everybody use regulated fiat currencies already, world wide hyper inflation is on the way. yet You claim gov regulation is a must lol
I'm sure we would all love to see a libertarian state. I'm also sure that you, presumably as a blind person, would love living there.
@Turkce_Rap sounds like someone who would be all over getting nft's if half the shit "sold" on it were actually accessible - as it stands most of it is photos. Seriously, take a look at what nft's really are, and you'll see that they are in fact none other than a pyramid scheme.
The official conceit is that buying an nft gives you, along with the rest of the world, proof of official ownership of the material sold (a photo, the original version of a viral video from Newgrounds history, you name it.) But this couldn't be further from the truth. You see, the idea is that no one can argue that you own the material, and theoretically prevent copies be made, right? Well, seeing as how that's physically impossible to do with a digital file that is stored locally (even drm is unbreakable), so comes the deceipt. When you buy an nft, you're buying a url. To a server. That is not yours. That can easily be taken down. That can easily make those millions you spent on an ego-inflation supplement will amount to absolutely nothing.
And that, friends, is why they must be stopped. Because they are a scam. Crypto/blockchain that's one thing. It's an investment and there's no secret about that. NFT is 100% an abuse of the system, and its only purpose is pure profit. Plus the environmental effects of nft have the potential to make offshore drilling/the bp fiasco of 2010 look tame.
@11
Yes i would no doudt. We all benefit out of volunteer foundations. a Libertarian society isn't exceptional. this is the board run by private individuals. we use screen reader softwares and many other utilities made by privately owned companies. Yet You ask me if i would want to live in a libertarian society. deffinatly yes. i will work my ass off to feed my family as i do now.
@12
What nft is or is not suppose to be matter their owners. Nft is not made out of photos only, there are differant type of nft file types, You can brows and see for Yourself which audio nft is existed already. is it scam? maybe. but, again as i said it's the adult people need to take care of them selfs not the government.
Adult people are taking care of themselves. Ok, maybe not the people who still to this day don't check url's behind links and use the same password over and over, but most are. And they're being screwed over for it.
Add numbers to the do not call registry? Registry probably got sold off to a data broker by a disgruntled government official who wanted the last laugh before leaving his job to go collect the goods at Western Union.
People are responsible and block unknown callers? Now we have robocalls moving to a record number of robo-texts, which are way harder to block if you have an android since rcs isn't at widespread adoption yet, and android hasn't as much control over sms as apple does iMessage.
And it's only going to get worse, as 0clock vulnerabilities are a thing - look up celebrite and imagine something ten times worse. It won't be long until these spammers figure that one out.
The problem with these scammers is that there are no actual consequences. Anonymity allows them to simply assume a new identity and most don't lose any of their assets. A fine is simply not enough when they make enough money from unsuspecting poor souls that they can pay it off easily.
@Jack
What exactly are you trying to say mate? shall we accept nanny state in case dumb people can't even use complicated passwords? You tell us how spamming bothers You. something i don't understand here you want to replace spammers by government nonsense? No thanks. i would rather disturbbed by spammers over Government robbing my pocket. i can block spammers one way or an other but, can't block the taxes i don't want to pay or the laws i don't want to abide. . i use iphone not getting any commercial ads though. the only android gadget that i use is my tv box so i can't talk about android mutch. but, i m sure i would find a blocker app for it.
Anyone else been following the shitshow that was hitpiece? They were a site apparently selling NFTs of basically any and every musician under the sun. I guess someone tracked down their investors and put the fear of god into them, and it's already gone. Absolute braintrusts these guys.
NFTs are not a currency.
Most blind people in the developed world do rely on government agencies for assistance. Those who don't at least rely on laws that require employers to give us a fair chance, and needing those laws isn't some hypothetical thing where we'd probably be fine without it, given that we're barely fine with it and we did used not to have them. Before you say this isn't the case, do your homework on countries that aren't the one you happen to be in right now. NVDA is the only large full-volunteer thing I can think of like it. When you go to school as a kid and need accessible textbooks that's government. When you need cane training etc, that's indirectly government or sometimes directly government. When you need a scanner for college, that's government. I could go on. If volunteer orgs were so great then all of you in the places with zero government help would be doing way better than you are. My opinions on government as a wider concept are more complicated than this, but specifically with respect to disabled people the western world does a really damn good job and the thing doing that is that the government is forcing people not to act in their direct best interests in order to make sure that at least some doors are open to us.
@camlorn
i guess Your comment was about my post above. i didn't say it's all well done by volunteer foundations but, by private individuals and companies as well.
You say there was good approach by govermental institutions along west world so, it was for the good of blind. i somehow agree with this. however there are many other examples where public schools didn't want blind students in their classrooms not only that durring 90s many blind adults refused from getting jobs at differant parts of government in tr. for example: one of our friends went to court because blind teachers was unwanted to teach at elementary schools. and i m sure there are simillar examples in other countries too. offcourse to be honest this atitute was varying in differant regions though. all these obsticals overcame by personal efforts. due to these approach today blind kids got better conditions than what we had back in the days. so i believe even western governments actually changed their way of behaving due to volunteer efforts made by blind individuals them selfs or other sighted fellos. how ever i believe economy suppose to have greater affect on this. standardisation of screen readers is a good example.
if i got back to nft. Yea it's not currency but, still it's up to the custommer weather he/she wants it or not.
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